Research

 

Publications

  1. "Lag-Augmented Two- and Three-Stage Least Squares Estimators for Integrated Structural Dynamic Models," with Cheng Hsiao, Econometrics Journal, 2007, 10, 49-81. Abstract, PDF
  2. “Modified Two-Stage Least-Squares Estimators for the Estimation of a Structural Vector Autoregressive Integrated Process,” with Cheng Hsiao, Journal of Econometrics, 2006, 135, 427-463. Abstract, PDF
  3. “Should China Let Her Exchange Rate Float? The Experience of Developing Countries,” with Cheng Hsiao, Asia-Pacific Journal of Accounting and Economics, 2005, 12, 1-17. Abstract, PDF
  4. "High Interest Rates and Exchange Rate Stabilization in Korea, Malaysia and Thailand: An Empirical Investigation of the Traditional and Revisionist Views," with Robert Dekle and Cheng Hsiao, Review of International Economics, 2002, 10, 64-78. Abstract, PDF
  5. "Do High Interest Rates Appreciate Exchange Rates During Crisis? The Korea Evidence," with Robert Dekle and Cheng Hsiao, Oxford Bulletin of Economics and Statistics, 2001, 63, 359-380. Abstract, PDF
  6. "The Real Effects of Capital Inflows on Emerging Markets," with Robert Dekle and Cheng Hsiao, Review of Pacific Basin Financial Markets and Policies, 2001, 4, 165-202. Abstract, PDF
  7. "Interest Rate Stabilization of Exchange Rates and Contagion in the Asian Crisis Countries," with Robert Dekle and Cheng Hsiao, Financial Crisis in Emerging Markets, ed. by Reuven Glick, Ramon Moreno and Mark M. Spiegel, 2001, 347-379. Abstract, PDF

 

Papers under Review

  1. “The Effects of Government Size on the Steady-State Unemployment Rate: An Error Correction Model,” with Burton A. Abrams. Abstract, PDF
  1. “Government Outlays, Economic Growth and Unemployment Rate: A VAR Model,” with Burton A. Abrams. Abstract, PDF

 

Work in Progress

1.      “Advertising, Pricing, and Demand of Prescription Drugs in a Dynamic Market Structure”

2.      “The Macroeconomic Consequences of Adopting a National Health Care Program in the U.S.,” with Burton A. Abrams (University of Delaware)

3.      “The Effects of Government Size on Long-Run Economic Growth: An Error Correction Model,”

4.      “The Impact of Exchange Rate Arrangements on Economic Growth: Evidence from Developed and Developing Countries”, with Cheng Hsiao (University of Southern California)

5.      “Modeling the Secular Growth of Government Size: A Dynamic Panel Data Model,” with Burton A. Abrams (University of Delaware)

6.      “Trade Protection: An Empirical Investigation of the Response of Commercial Policy to Exchange Rate Policy”, with Ravi Yatawara (University of Delaware)

 

Unpublished Manuscripts

"Predicting Exchange Rate Behavior Using Simulated International Portfolio Hedging," with Chia-Shang J. Chu and Cheng Hsiao, 2000.